Forex dealers said increased demand for the US currency from importers continued to put pressure on the rupee but a higher opening in the domestic stock market and the dollar's weakness against other currencies overseas limited the fall.

The domestic currency had declined by 17 paise to close at nearly one-month low of 60.76 against the dollar due to sustained demand for the US currency from importers amid some weakness in local stocks in Tuesday's trade.

Meanwhile, the benchmark BSE Sensex shot up by 111.48 points or 0.48 per cent, to hit a new record-high of 22,869.85 in early trade on Wednesday.

(Agencies)

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